CoStar Group (CSGP) Stock Price, News & Analysis

Company Overview

CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. It also provides Leasing, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. The company was founded in 1987 and is headquartered in Washington, the District of Columbia.

Key Stats

• Today's Range: $76.90 to $80.61
• 50-Day Range: $71.25 to $79.81
• 52-Week Range: $68.26 to $100.38
• Volume: 3.84 million shs
• Average Volume: 2.96 million shs
• Market Capitalization: $32.72 billion
• P/E Ratio: 181.39
• Dividend Yield: N/A
• Price Target: $93.25
• Consensus Rating: Moderate Buy

CoStar Group Stock Analysis - MarketRank™

CoStar Group scored higher than 77% of companies evaluated by MarketBeat, and ranked 221st out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

CoStar Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

CoStar Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 80.77%

Earnings Growth

Earnings for CoStar Group are expected to grow by 80.77% in the coming year, from $0.52 to $0.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CoStar Group is 181.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 116.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of CoStar Group is 181.39, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 209.17.

Price to Book Value per Share Ratio

CoStar Group has a P/B Ratio of 4.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.91% of the outstanding shares of CoStar Group have been sold short.

Short Interest Ratio / Days to Cover

CoStar Group has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in CoStar Group has recently increased by 47.71%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CoStar Group does not currently pay a dividend.

Dividend Growth

CoStar Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.91% of the outstanding shares of CoStar Group have been sold short.

Short Interest Ratio / Days to Cover

CoStar Group has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in CoStar Group has recently increased by 47.71%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.01

News Sentiment

CoStar Group has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for CoStar Group this week, compared to 9 articles on an average week.

Search Interest

Only 5 people have searched for CSGP on MarketBeat in the last 30 days. This is a decrease of -62% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added CoStar Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, CoStar Group insiders have sold 386.40% more of their company's stock than they have bought. Specifically, they have bought $1,099,964.00 in company stock and sold $5,350,269.00 in company stock.

Percentage Held by Insiders

Only 1.57% of the stock of CoStar Group is held by insiders.

Percentage Held by Institutions

96.60% of the stock of CoStar Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CSGP Stock Analysis - Frequently Asked Questions

How have CSGP shares performed this year?

CoStar Group's stock was trading at $87.39 at the beginning of 2024. Since then, CSGP shares have decreased by 8.7% and is now trading at $79.81.
View the best growth stocks for 2024 here.

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) posted its quarterly earnings data on Tuesday, October, 22nd. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The business's revenue for the quarter was up 10.9% on a year-over-year basis.

When did CoStar Group's stock split?

Shares of CoStar Group split on the morning of Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly created shares were distributed to shareholders after the closing bell on Monday, June 28th 2021. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

Does CoStar Group have any subsidiaries?

CoStar Group subsidiaries include Homesnap.

Who are CoStar Group's major shareholders?

Top institutional shareholders of CoStar Group include Principal Financial Group Inc. (4.73%), Bamco Inc. NY (4.58%), State Street Corp (4.16%) and Massachusetts Financial Services Co. MA (2.78%). Insiders that own company stock include Michael R Klein, Andrew C Florance, Scott T Wheeler, Frank Simuro, Lisa Ruggles, Michael J Desmarais and John W Hill.
View institutional ownership trends.

How do I buy shares of CoStar Group?

Shares of CSGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CoStar Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CoStar Group investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), Invesco QQQ (QQQ), The RMR Group (RMR) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 10/22/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Business services, not elsewhere classified
• Sub-Industry: Internet Software & Services
• Current Symbol: NASDAQ:CSGP
• CUSIP: 22160N10
• CIK: 1057352
• Web: www.costargroup.com
• Phone: (202) 346-6500
• Fax: 877-739-0486
• Employees: 6,152
• Year Founded: 1987

Price Target and Rating

• Average Stock Price Target: $93.25
• High Stock Price Target: $105.00
• Low Stock Price Target: $75.00
• Potential Upside/Downside: +16.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.44
• Trailing P/E Ratio: 181.39
• Forward P/E Ratio: 153.48
• P/E Growth: N/A
• Net Income: $374.70 million
• Net Margins: 6.57%
• Pretax Margin: 9.67%
• Return on Equity: 3.53%
• Return on Assets: 2.88%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 9.63
• Quick Ratio: 9.63

Sales & Book Value

• Annual Sales: $2.46 billion
• Price / Sales: 13.33
• Cash Flow: $1.74 per share
• Price / Cash Flow: 45.98
• Book Value: $18.27 per share
• Price / Book: 4.37

Miscellaneous

• Outstanding Shares: 409,960,000
• Free Float: 403,524,000
• Market Cap: $32.72 billion
• Optionable: Optionable
• Beta: 0.82